Russell 2000 (RTY) Underperforms All equity indices, Down 0.71%; But Still in an Uptrend Over Past 14 Days

The Hourly View for RTY

Last Updated June 10, 2021, 18:20 GMT

At the moment, E-Mini Russell 2000’s price is up 3.27 (0.14%) from the hour prior. The hourly chart shows that E-Mini Russell 2000 has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Russell 2000 Daily Price Recap

Russell 2000’s 3 day positive streak has officially concluded, as the candle from the day prior closed down 0.71% (16.63). On a relative basis, Russell 2000 was the worst performer out of all 14 of the assets in the equity indices asset class today. The daily price chart of Russell 2000 below illustrates.


Russell 2000 Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 16 out of the past 30 days.